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Updated about 8 years ago on . Most recent reply

User Stats

116
Posts
29
Votes
Franky Juwana
  • NY
29
Votes |
116
Posts

Should I do this flip? if not, why not?

Franky Juwana
  • NY
Posted

Hi all, 

   I have the opportunity to purchase this flip, Considering there's no lean against the property, I would do this flip with this calculation, it's owned by Real Estate Broker, 

Asking Price $216K

Estatimate Rehab $104K

ARV $305K-$310K

I used The FLip Calculator, for more detail, please click below, please let me know if I miss anything, the number mostly just a guesstimate, but I purposely made it bigger. 

Any input would be appreciate it. 

https://www.biggerpockets.com/calculators/shared/5...

Most Popular Reply

User Stats

345
Posts
223
Votes
Eugene Kemp
  • Ormond Beach , FL
223
Votes |
345
Posts
Eugene Kemp
  • Ormond Beach , FL
Replied

Makes no sense. Adding the numbers gets a total (320) higher than your ARV....why would you even consider?

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